Hyderabad, Dec. 18 -- The Central Bureau of Investigation (CBI) on Friday registered a case against Hyderabad-based construction company Transstroy (India) Limited, for alleged bank fraud to the extent of Rs 7,926 crore. The bank is promoted by a former member of parliament and Telugu Desam Party leader Rayapati Sambasiva Rao.

According to an official release from the CBI, cases were registered against its chairman and managing director Cherukuri Sridhar and another additional director Akkineni Satish, along with Rao, unknown public servants and others.

The CBI, which conducted day-long searches in the offices and residences of the accused in Hyderabad and Guntur following a complaint from Canara Bank, claimed to have recovered incrimin...